Monday 23 January 2017

Brendan Keenan: First item on the agenda: billions more for our banks

Published 28/02/2011 | 05:00

ONE of the most critical decisions for the new government -- even if it lasts five years -- will come within weeks of its taking office.

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This is the question of whether to put several billions more into the banks.

Brian Lenihan left the new administration a poisoned chalice when he postponed the payment of €7bn of new capital which, under the EU/IMF agreement, should have been done by last week.

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